MCMOLAAR: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MCMOLAAR
Largest movements
- Tangible fixed assets +€513,265
up €513,265 (+140%), from €367,109 to €880,374
of which Land and buildings: +€394,028
- Cash -€99,230
down €99,230 (-83.7%), from €118,555 to €19,325
mainly Investment in fixed assets (net) (-€554,768) and Short-term financial debts (-€198,875)
- Receivables within one year -€25,578
down €25,578 (-72.3%), from €35,377 to €9,799
of which Trade receivables: -€35,377
- Other debts +€394,526
up €394,526 (+1,238%), from €31,863 to €426,389
- Debts after one year +€210,077
up €210,077 (+129%), from €162,268 to €372,345
- Short-term financial debts -€198,875
down €198,875 (-100%), from €198,875 to €0
- Profit (loss) carried forward -€38,270
down €38,270 (-38.2%), from €100,057 to €61,787
- Current portion of long-term debt +€33,435
new in 2025: €33,435
- Gross operating margin -€48,442
down €48,442 (-78.0%), from €62,136 to €13,694
- Depreciation +€22,935
up €22,935 (+154%), from €14,902 to €37,836
- Financial charges +€10,411
up €10,411 (+175%), from €5,941 to €16,352
- Taxes -€9,387
down €9,387 (-97.9%), from €9,588 to €201
- Financial income +€3,821
up €3,821, from €0 to €3,821
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,674 | €914,153 | +€391,479 | +74.9% |
| Fixed assets | 21/28 | €367,109 | €884,041 | +€516,932 | +141% |
| Intangible fixed assets | 21 | - | €3,667 | +€3,667 | |
| Tangible fixed assets | 22/27 | €367,109 | €880,374 | +€513,265 | +140% |
| Land and buildings | 22 | €185,583 | €579,612 | +€394,028 | +212% |
| Plant, machinery and equipment | 23 | €662 | €202,059 | +€201,397 | +30,416% |
| Furniture and vehicles | 24 | €9,397 | €98,703 | +€89,306 | +950% |
| Assets under construction and advance payments | 27 | €171,466 | €0 | -€171,466 | -100% |
| Current assets | 29/58 | €155,565 | €30,113 | -€125,453 | -80.6% |
| Amounts receivable within one year | 40/41 | €35,377 | €9,799 | -€25,578 | -72.3% |
| Trade receivables | 40 | €35,377 | €0 | -€35,377 | -100% |
| Other amounts receivable | 41 | - | €9,799 | +€9,799 | |
| Cash at bank and in hand | 54/58 | €118,555 | €19,325 | -€99,230 | -83.7% |
| Deferred charges and accrued income | 490/1 | €1,634 | €988 | -€645 | -39.5% |
| Total equity and liabilities | 10/49 | €522,674 | €914,153 | +€391,479 | +74.9% |
| Equity | 10/15 | €102,057 | €63,787 | -€38,270 | -37.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,057 | €61,787 | -€38,270 | -38.2% |
| Amounts payable | 17/49 | €420,618 | €850,366 | +€429,749 | +102% |
| Amounts payable after more than one year | 17 | €162,268 | €372,345 | +€210,077 | +129% |
| Financial debts | 170/4 | €162,268 | €372,345 | +€210,077 | +129% |
| Amounts payable within one year | 42/48 | €255,838 | €472,337 | +€216,499 | +84.6% |
| Current portion of amounts payable after more than one year | 42 | - | €33,435 | +€33,435 | |
| Financial debts | 43 | €198,875 | €0 | -€198,875 | -100% |
| Other loans | 439 | €198,875 | €0 | -€198,875 | -100% |
| Trade debts | 44 | €2,883 | €0 | -€2,883 | -100% |
| Suppliers | 440/4 | €2,883 | €0 | -€2,883 | -100% |
| Taxes, remuneration and social security | 45 | €22,217 | €12,513 | -€9,704 | -43.7% |
| Taxes | 450/3 | €22,217 | €12,513 | -€9,704 | -43.7% |
| Other amounts payable | 47/48 | €31,863 | €426,389 | +€394,526 | +1,238% |
| Accrued charges and deferred income | 492/3 | €2,512 | €5,685 | +€3,173 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,902 | €37,836 | +€22,935 | +154% |
| Other operating charges | 640/8 | €903 | €1,395 | +€492 | +54.5% |
| Gross operating margin | 9900 | €62,136 | €13,694 | -€48,442 | -78.0% |
| Operating profit (loss) | 9901 | €46,331 | -€25,538 | -€71,869 | |
| Financial income | 75/76B | €0 | €3,821 | +€3,821 | |
| Recurring financial income | 75 | €0 | €3,821 | +€3,821 | |
| Financial charges | 65/66B | €5,941 | €16,352 | +€10,411 | +175% |
| Recurring financial charges | 65 | €5,941 | €16,352 | +€10,411 | +175% |
| Profit (loss) for the period before taxes | 9903 | €40,390 | -€38,069 | -€78,459 | |
| Income taxes | 67/77 | €9,588 | €201 | -€9,387 | -97.9% |
| Profit (loss) for the period | 9904 | €30,802 | -€38,270 | -€69,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,802 | -€38,270 | -€69,072 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.